Bush’s Tax Cuts have cost Americans more than twice as much as the proposed health care bill from the Democrats.
It is well-worth the trip down memory land to revisit an article posted by Susie Madrak on Sept 9 in Crooks and Liars entitled: “Study: Bush Tax Cuts Cost More than Twice as Much as Dem’s Health Care Bill.”
“. . .a staggering 52.5 percent of the benefits will go to the richest 5 percent of taxpayers.
President Bush and his supporters argued that these high-income tax cuts would benefit everybody because they would unleash investment that would spark widespread economic prosperity. There seems to be no evidence of this, particularly given the collapse of the economy at the end of the Bush years.
The tax legislation enacted under President George W. Bush from 2001 through 2006 will cost $2.48 trillion over the 2001-2010 period. . .”